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Ondo Finance

DeFi ONDO https://ondo.finance/

Ondo Finance is an RWA tokenization platform bridging traditional finance and DeFi, operating a dual-track model of asset management and technology development. On the asset management side, it issues OUSG (a tokenized Treasury fund) and USDY (a yield-bearing dollar token for non-US investors), serving institutional and retail users respectively. On the technology side, it builds the Flux Finance lending protocol, the Ondo Global Markets stock tokenization platform, and Ondo Chain, a Layer 1 blockchain purpose-built for RWAs. Its core mechanism involves holding underlying assets with licensed custodians, minting tokens via smart contracts to represent ownership, and enforcing regulatory compliance through eligibility checks, transfer whitelists, and cross-chain burn-and-mint mechanisms.

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